Central Bank of Kenya Act

34. Banker to institutions

Edition: 2026-07-24 · In force

34. Banker to institutions

(1)The Bank shall open accounts for and accept deposits from, collect monetary claims for and on account of institutions and generally act as banker to institutions.

(2)The Bank may provide any additional services or facilities that it considers desirable including facilities for clearing financial instruments to institutions operating in Kenya.

(3)For the purposes of this section, "institution" includes—

(a)a specified bank;

(b)a specified financial institution;

(c)a specified microfinance bank;

(d)any other person or body of persons which the Cabinet Secretary may, on the recommendation of the Bank, and by notice in the Gazette, prescribe.

[Act No. 13 of 1995, Sch. 1, Act No. 41 of 2013, Sch.]

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Source: Kenya Law